Y Intercept Hong Kong Ltd acquired a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 181 shares of the construction company's stock, valued at approximately $1,480,000.
A number of other hedge funds also recently bought and sold shares of the company. Metis Global Partners LLC increased its position in NVR by 1.8% during the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company's stock valued at $1,119,000 after acquiring an additional 2 shares during the last quarter. Private Trust Co. NA increased its position in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after acquiring an additional 2 shares during the last quarter. GAMMA Investing LLC increased its position in NVR by 11.8% during the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock valued at $155,000 after acquiring an additional 2 shares during the last quarter. Crestmont Private Wealth LLC increased its position in NVR by 3.9% during the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company's stock valued at $433,000 after acquiring an additional 2 shares during the last quarter. Finally, Lakewood Asset Management LLC increased its position in NVR by 0.5% in the fourth quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company's stock worth $3,206,000 after buying an additional 2 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.
Insider Transactions at NVR
In other news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares of the company's stock, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.00% of the company's stock.
Analyst Ratings Changes
NVR has been the subject of a number of analyst reports. StockNews.com cut NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. UBS Group upped their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Finally, Seaport Res Ptn cut NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $9,356.67.
Check Out Our Latest Stock Analysis on NVR
NVR Price Performance
Shares of NYSE NVR traded up $46.06 during mid-day trading on Friday, reaching $7,228.01. The company's stock had a trading volume of 38,773 shares, compared to its average volume of 27,686. The firm has a market capitalization of $21.61 billion, a PE ratio of 14.24, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The stock has a fifty day moving average of $7,847.90 and a two-hundred day moving average of $8,728.62. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77.
NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping analysts' consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.
NVR declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.
About NVR
(
Free Report)
NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.
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